When we start a work at home business there are dreams of working in our pajamas, sleeping late, and retiring early. Most of these expectations fall outside of reality. However, there are some tangible advantages like moving to the cottage for the summer, and working on your laptop from the dock. Property investors and tourism writers can travel the world – tax free.
The most common benefit that attracts people to work at home businesses is the opportunity to stay with family, and reduce expenses. Eliminating the fast food lunches, new clothing every season, driving to work, parking, baby sitting, cell phones, blackberry fees, and beauty parlor/barber fees can reduce a household's bills by more than $10 000 - $15 000. Add a second vehicle, insurance, maintenance, and fuel, and the yearly savings from a work at home position can reach $20 000.
This means that a work at home professional can earn $20 000 less than they would make if they worked out, and still break even. Earning $20 000 from a work at home position, $400 a week, is the same as an office job which earns $800 a week, in many professions.
One main reason for working at home is vacation time. While many work at home professionals do not take long vacations, the freedom to take a vacation when you want to, is worth the effort needed to establish a business.
The biggest advantage is telling people that you are running a business instead of starting one. A franchise or a brick-and-mortar business takes five years to establish. Most business gurus tell new business owners that they must reinvest all the profits from a business for five years before the business is stable.
No comments:
Post a Comment